1. Satoshi is dead. Bitcoin mining has been centralized to just 4 mining pool operators for over 4 years.
2. All new coins are Proof of Stake, so PoW have already lost the war. Bitcoin users are just too stupid to know it yet.
3. China banned bitcoin mining easily, and so will the other countries in time. Miners can't draw more power than 20000 homes and expect to be able to hide.
4. Proof of Stake network nodes are impossible to stop and can easily move to another country within an hour.
1. You don't know who Satoshi is to know if they are alive or not. And there are a dozen mining pools but it doesn't matter because pools don't own hashrate the miners do and there are far more miners than pools and they are spread around the globe which makes it decentralized.2. All new coins are Proof of Stake, so PoW have already lost the war. Bitcoin users are just too stupid to know it yet.
3. China banned bitcoin mining easily, and so will the other countries in time. Miners can't draw more power than 20000 homes and expect to be able to hide.
4. Proof of Stake network nodes are impossible to stop and can easily move to another country within an hour.
2. It is obvious that nobody including the owners of the shitcoin is going to spend money on mining shitcoins so new coins choose something that is weaker and can be sustained without spending money by the centralized authority.
3. They are free to try. For every country that has banned bitcoin mining there are 50 other countries that have accepted bitcoin mining.
4. Any government or law enforcement can easily kick down the door of the Proof of Shitcoin networks and seize all their funds and gain full control of that shitcoin network.
1. You don't know what I know.
2. LOL, When Ethereum & Cardano PoS networks Marketcap exceeds bitcoin proof of waste, the look on your face is going to bee hilarious.
3. Not working as well as you think. At some point , No country will allow bitcoin mining, because their energy waste threatens the entire power grid.
https://decrypt.co/87293/bitcoin-mining-kazakhstan-power-china-hash-rate-price
Quote
Miners in the country were already starting to disconnect from the grid because of electricity shortages.
So it wasn’t much of a surprise when, last week, Bekbau posted on Twitter a video of a shipping container being packed up with the last of the company’s south Kazakhstan mining rigs, saying Xive was shutting down its mining farm.
So it wasn’t much of a surprise when, last week, Bekbau posted on Twitter a video of a shipping container being packed up with the last of the company’s south Kazakhstan mining rigs, saying Xive was shutting down its mining farm.
4. I can see you know nothing about PoS , if you think kicking down a door makes that big of a difference.
Funny how you ignore that only 4 guys in bitcoin have doors that are worth kicking down.